Introduction
     A company is body corporate recognize by law as a 
   person  having  its  entity  distinct  from  its  members. 
   Despite all these powers, it is not a physical being. It, 
   expresses  its  will  or  takes  decisions  through 
   resolutions passed at regularly convened meetings of 
   the shareholders and their elected representatives , the 
   directors.
  Meeting of Members
  Annual General Meeting :
     Every company in each year hold in addition to 
   any other meeting a general meeting as its 
   annual general meeting.(u.s.96)
                                                       
     Every company except a one person company 
   whether public or private; having a share capital 
   or not; limited or unlimited must hold annual 
   general meeting. 
    Objectives of AGM
    
     Board    of   directors  place   accounts    for 
     consideration,   approval   &    adoption    by 
     shareholders in AGM.
    
     Auditors  are  also  replaced  or  reappointed  by 
     shareholders in AGM.
    
     Dividend proposed by directors is declared.
    
     Shareholders access control over the management 
     by re-electing or refusing to elect the directors.
  Legal Provisions Regarding AGM
   
    Extension  of  time-  Registrar  may  for  any 
    special reason extend the time for holding the 
    AGM.
   
    Validity of AGM held beyond statutory time- 
    AGM held beyond due date is not void & all 
    resolutions  passed  at  such  AGM  are  valid. 
    The only effect is that it involves penalty.
   
    Proper authority- Board of directors is proper 
    authority to convene AGM.